Bitcoin Forum

I'm thinking about the purpose of the bounty.

I have a simple understanding of the bounty program a few days ago.When the users who participate in the bounty have completed some tasks, the project team will send them some tokens.

These tasks are generally to help project publicity, such as helping the project to repost Twitter, posting about the project on reddit, using project signatures, etc. Of course, some will also publish a translation bounty task.

But according to my observation, most of the people participating in the bounty program are bountyhunter, and their twitter/facebook/telegram etc. friends are also their account. I don’t think the bounty task can have a promotional effect.

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They generally have a lot of activity, but almost no merit
https://i.loli.net/2021/07/17/I79YjoWuVNk1Q6J.png https://i.loli.net/2021/07/17/KCTojX1fcAPBk57.png

Even if there have merits, it is an account before 2018. The previous accounts automatically get merits
https://i.loli.net/2021/07/17/f21LCJKyekoiPmM.png https://i.loli.net/2021/07/17/Dx2gSHCn1JqVQbM.png

They have dozens or even hundreds of pages of responses,90% of the response content is about the participation and completion of the bounty. But they haven't posted a post
https://i.loli.net/2021/07/17/84XQsd9lwxPTpqk.pnghttps://i.loli.net/2021/07/17/jf6eyd2iNo9M1J7.png

This is their twitter concern
https://i.loli.net/2021/07/17/CwHt9rRD2VbdnxQ.png

Most of their fans have the word followback
https://i.loli.net/2021/07/17/CrdxUFlbZwoqmAg.png

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So I think that the promotional effect of the project’s bounty is very small.The amount of tokens obtained by normal participants is not worth our time to participate.Unless there are many accounts together with special methods to participate（Even many projects don’t send bounty tokens at all）, you can get considerable profits.

When the bounty ends, the project party only gets a large number of coin holding addresses

Its a case of good and bad eggs. While there are good projects that pay for the service especially if you have significant influence in the social media olatforms like twiiter, telegram, reddit, Youtube, etc and they pay modest sums. The downside to bounty hunting is that many project turn out to be scams and you cannot tell which one is legit. You waste your time and risk having your profile full of bounty posts. Bounties unlike signature campaign do not care about post quality. That's why I do not think bounty is good way to start your bitcointalk journey

Lobat999 did justice to your question

Maybe there’s a mimic effect to this, without giving it much though on the corporate side…

One key factor to consider is that we’re talking about bounties here, which are rather different to signatures in the intended audience (the former is off-forum whilst the latter is on-forum). Bounties have a long-standing tradition of Tweeting, Facebooking and, in general, spamming to an audience that is, as you imply, essentially a bunch of spammers too. If anyone spams this type of content to friends and relatives, then they are really in another intellectual league.

Perhaps the idea is to get someone interested by sheer exposure through volume, eventually tricking down to some legit users who receive the message as a holy grail to getting rich (and who may in turn spread the message to friends). After all, and here is a key factor, the vast majority of bounties are paid in tokens that are made from thin air, so the cost is essentially null. Volume and no thought over finesse and strategy.

We’d also need to consider the real goal behind: creating a long(ish) standing product/service or just grabbing money.

The chances of you getting some coins/tokens that will end up being worth at the very least a decent amount is just so low that I'd rather just work in McDonalds or something. Bounties(outside of great consistent signature campaigns) and faucets are simply just so bad. It's just so popular because people want easy almost effortless money.

Yes it's able to make money but we are from the heydays of bounty campaigns guaranteed to pay, nowadays the bounty campaigns are a like a box of chocolates but if the chocolates were scam or paying and most of the time, most of this bounties ends up being a scam.

Bounty makes money if you knew which one to promote. Also lately Ive noticed that some type of bounty have changed and more inclined on social campaigns. These kind of promotions are good to those participants that have a good amount of followers. In current time, Ive already stopped joining some blog and article campaign but maybe depends if I spot a very good project thats worth my time then maybe I'll participate oncr more.

kxwhalexk, you have opened a very interesting discussion here  :D
While I was still a young member on this forum I participated in several bounty campaigns that paid off in some tokens but in the end I got nothing out of it, the tokens were worthless, so I soon gave up on such projects.
Although I have a lot of friends who follow me on social media, I don’t remember anyone ever asking me about these bounty projects I was advertising.
From my personal experience, I conclude that most bounty projects are actually a waste of time.
It is obvious that members who can't participate in much better paid btc campaigns participate in such campaigns.

Let me rephrase that for you, 'Bounty participants get decent paycheck if they were lucky to join a campaign that became successful and profitable'. In bounty participation, there's nothing like knowing which one to participate in as there's no written tag of one campaign been successful while the other not been although there are some things you can look out for. Some of those things might includes the project itself, the team behind it and the the budget for the campaign.

You can see a bounty been manage by a professional becoming a failed campaign meanwhile that been managed by a totally newbie is getting successfully. The idea that money can be made from bounties promotion isn't much of a reality anymore although that doesn't mean there's no exception and that's the reason it's still been patronized by many.

The participants believe that they can still make money which result in them joining any random campaign out there with the hopes of been among the lucky promoters that works on a successful project. Today, the numbers (promoters) are now too high compared to years back when the idea if bounties initially started and the market ain't accepting them anymore unlike previously that most coins got patronage the moment they got listed for hunters to sell and profit.

I had my experiences with bounties before and for me, I found it effective considering the profit I was able to make. Nevertheless, bounties nowadays are far so different from the bounties we had before. Before, there are a lot of legitimate bounties that pays fairly and on the right time for the bounty hunters. The bounties we can see nowadays are usually scams or failed ones. If you really want to take profit from bounties, you should observe and analyze the project carefull so you wouldn't be at risk at falling into scams.

I agree that social media campaings have zero “promotional effect”. In twitter, all the followers are #followback mostly. Bounty hunters rare tweet gets any response. But a comment is a miracle. Facebook is the same. Profile is full with unknown so called “friends”. They all are same bounty hunters, or if a profile picture is a cure girl - then there are lots of arabs. Any project will get no useful repsonse from such account or so called “potential investors”. Social media campaign is like throwing budget into a garbage bin.

Not zero effect. The effect from bounty can be big, small or zero and it depends on the quality of bounty participants. The fact is most of bounty hunters are shit posters. In the forum as well as on social media, they are shit posters, Twitterers or Facebookers. Their posts, tweets, status are non-sense.

It is barely seen but there are very little quality bounty participants and bounties will get most of impressions from those participants.

Because their messages, tweets, comments are totally non-sense and artificial. You can copy their tweets, comments and search with Google. Results will be plagiarism in most cases. They use same templates for all social media, in all bounties they participate in.

Lets just say that lucky is a factor too of being successful but would you rely on that alone isnt it right? There is a process of due diligence from where we can see the project potential. During my time of bounty hunting, I checked most of my campaigns to participate and pick them depends on a lot of factor, Im not just randomly joining any campaign and wishing for luck which one could be successful and profitable.

This is applicable but they must have accept the part of not having a paycheck later on since they are gambling with joining any campaign they want.

I used to earn really good money with translation bounties in 2016-2017, but by the end of 2017 the rewards have dropped substantially and more and more projects weren't getting listed on exchanges or costed a few satoshis and were not worth the effort. I also did twitter bounties with a twitter bot, and was earning $5-10 per bounty on average, until my bot got banned. Doing it manually is simply not worth the effort. I imagine nowadays it's even less profitable, as ICO is not attractive anymore and the whole crypto market is in bear market.

When it comes to bounties, its basically based on your evaluation skills that could aid you spot out a project with some potentials with regards to earnings  some bounties might paid in altcoins of value and are already trading in the market, while others might pay in there tokens which might need worthless at a time but could be valued more later or perhaps, remains worthless for a long time until it is forgotten to have existed.
Bounties is not a very worthy act for someone who has a vision in the forum because, it stands as a distraction and your likely yo spend most of your time, hunting worthless tokens as 90% of bounties end up being dumped or failed projects.

Yes, how much you can earn from the bounty depends largely on your luck, or your ability to identify the project.

Unfortunately I don’t have this ability right now.My luck is not very good either. I even “admire” those who create many alt accounts to participate in bounty.

lol, I saw in some posts that I can make money from bitcointalk. But it doesn't seem so easy now. :D

The most valuable thing in my opinion is the knowledge on bitcointalk.

Not only BOUNTY, but the quality of projects released in the ANN sector has also declined significantly.

A long time ago, those great projects were all released in bitcointalk ANN. But now more and more junk items are posted here.

This may also be related to the popularity of bitcointalk, or it may be that more and more IDO platforms have attracted those good projects.

Bounties still pays, I've promoted few bounties this year and they did very good though one or two don't pay a dime but it's always part of the risks so if you want to join bounties have it in mind that not all projects will pay you for your hard work, the decision is yours

When bounty hunters talk about bounties, it is unavoidable to also mention those airdrops though I believe they are far more worse in my experience back then when one emailed me to drop my private key into their site, just because I was using a wallet file of MEW in those years which was the most unsecured way of holding ERC-20 tokens.

In the face of the above problems, I would like to say that the current bounty model is too old-fashioned and prevents individuals from achieving their full potential. Instead, I think the project bounty plan should initiate a team to complete the game, the individual to complete the game, and the team to complete a goal together. Will be more motivated, interesting, and fulfilling than a person. In this way, individuals who complete the bounty will set up a community through this bounty program. This community may play a huge role in many bounty programs in the future in a team fifteen way. This is the power of the community.

Social media bounties have the least promotional effect, but generate the most amount of spam. You said it yourself, if you have a Facebook account with thousands of friends and followers from all spheres of life, what are the chances they have any interest in crypto and are going to like the content you share? Instead of generating an interest in the project, you end up with nothing. Those posts and comments have no likes, shares, comments... No one wants to see them. And you will be limiting your friend circle who will eventually get sick of your posts and block you. 

You shouldn't. That's how you get negatively tagged or banned if one of your alt gets banned for any reason.

Sorry, I forgot to add the quotation mark "", I actually wanted to be a bit ironic，They waste a lot of time doing something meaningless. Many of them are accounts 2017 ago. If they could hodl any coin, they would have become rich.

I will never use a large number of alt accounts to participate in bounty.

As stated in previous comments, back in 2017 (that I remember) there still were some good projects that launched successful ICOs that paid a lot to bounty hunters. I remember one of the very first campaigns I participated in, Populous: the idea was quite good, joining factoring and blockchain technology, and I got like $8K :o for participating. Others didn't pay or were worthless, but Populous wasn't the only one that paid a lot. I guess that before 2017 the rewards were even better, imagine earning some IOTAs, TRON or even ETHEREUM at ICO price from a campaign and hodling! (I'm not sure whether these projects made campaigns here, but you get the idea).

At the end of 2017/early 2018 everybody wanted to launch their own token, which made much more difficult the task of sorting them. The outcome was new airdrops every day that just wanted to get your data, real shitcoins with no projection at all, and participants who would post in several social media regardless of the quality (when the projects themselves didn't care about their own quality, why would they care about bounty hunters'?)

Since the start of the bear market in 2018 I haven't almost followed the altcoins section of the forum: when I click in "Bounties" I get overwhelmed by hundreds of new threads that tell me nothing. I guess that one can still make good money after all, but it is much more difficult as competition has gone nuts, many bad actors with multi-accounts etc. get out with impunity, and most projects are just make money quick schemes for the organisers.

My observations of bounties has been that they generate a lot of spam, pay their participants next to nothing and promise them the world and NEVER deliver that. Most projects behind the bounties turn out to be scams and the participants do not even hold the team responsible and go onto the next bounty offering stakes worth nothing and they continue to spam the forum and social medias.

Its the bounties that give cryptocurrencies a bad name and I would like to see stricter regulation on bounties and holding the team behind them responsible. If you go to the bounty board for a few moments and take a look at the topics they all look the same and they all offer similar pay structure which is usually peanuts. I am convinced that the majority of the bounty board is by the same people and they just continue opening new projects every day just to profit off the people who will work for literally nothing.

It's very little that the bounty hunters can do. They can ask, beg, or threaten the projects to pay them but they will most likely just be ignored. I doubt that a lawsuit can be filed since no contracts were signed and many projects are run by anonymous or fake teams. And which jurisdiction would that lawsuit be filed in!? 

I proposed a long time ago that bounty organizers should be made to pay a certain amount as collateral that would be held by a forum escrow before they be allowed to create a bounty campaign. That money would be returned to them if they did what they promised or shared with the bounty participants if they don't deliver. However, such a proposal wasn't well received because many people thought that would seem like the forum was whitelisting, promoting, and supporting certain campaigns over others. Bounty hunters would have a fake sense of security. But I am still convinced that is something that could work and is better than the scamming freak show we have now.

The main aim for bounty hunters is not posting and contributing to this forum and they have just setup their account for the bounty allocation programme and making many alt account for the same purpose.They will get stakes weekly based on their social media engagement like followers and youtube views and will get paid at the end of bounty campaign which can be low, medium or high based on the token price listed on exchange.

You will not see any merits on these accounts and most of them will be newbies and junior member and the main reason for activity is they spend time on forum looking for any such bounty all the time and make new accounts for the same purpose.You will see 10-15 pages filled within few time after the official thread has been made by manager.

https://i.ibb.co/RzqSV2M/Screenshot-20210719-200044-01.jpg  https://i.ibb.co/f0fxRsq/Screenshot-20210719-200028-01.jpg

See not any effective posting and all about proof of submission related threads and the whole damn purpose is to join these campaign.But we don't need to care about them much and continue our work in the same way we are doing to give healthy discussion to the forum and let bounty hunters do what they are doing.For them this forum is some sort of income source but for us it serve some other much important purpose as we have learned a lot from here and same is going to happen.

well, its all depends on the bounty and its value. Also, the person who posted the bounty like the bounty managers put some impact on the campaign, like bounty detective have good reputation and same goes for others.

I think its less of the name of the bounty manager than what they pay. If a bounty is paying in Bitcoin or any of the more popular altcoins (ETH) then you will see a lot more buzz around the project. Otherwise most of the bounty campaigns pay the same worthless stakes and the bounty manager has a minimal impact.

I think those companies that held bounties will be able to have the the greater chance to success is when their campaign is properly managed and their use cases are good as it is. Those tokens that has use to the community will most likely thrive if their existence is very well advertised.
Now, in case of those who participates on these bounty campaigns, I do believe that bounties are still profitable, few. Depends on the token's availability and value.

The project party did not expect the participants of the bounty program to bring new people to participate in the project. What the project team wants is these people who participated in the forwarding.

The vast majority of bounty hunters on the forum are basically just bots set up to post proofs of participation anyway. Considering the sheer number of campaigns and rewards they receive, it is unlikely that anyone would do that manually. But it's just my subjective impression because there's no way to prove it.

I think most bounty hunters always do follow for follow to get there followerz which is bad but I don't really think there should be any penalty for that the only the team need is awareness and new people investing in the coin if people you are following can invest I don't think there is anything bad there. Just do your best by making decent post.

Its depend upon bounty project. Somtime project success and price goes 10-100x and allocated coin give you decent profit. Bounty like Dego,Vulcan has given 1000$+ to single user.

There are some instances that we have come across.

• When a project turns out to be scam.
  When bounty hunters work too much but project turns out scam, then the bounty hunters lose.
• When project does not pay out intentionally for specific reasons.
  If a project is scared about bounty hunters dumping their tokens, they don't pay bounty hunters for specific time. We have seen some bounties giving this reason for not paying their hunters for a long time while some projects do not pay at all.
• When bounty hunters do nothing and expect too much.
  Sometimes, it is not the fault of a project but bounty hunters. They do not present what is expected, make nonsense posts without adding any value to the discussion or not making any discussion at all but again, making irrelevant comments and even copy-pasting other member's comments only to get their stakes.

We think bounty hunters should take care while joining a bounty to save themselves from getting their time wasted (while we also don't doubt that some bounties have also provided more than $3000 in tokens that the hunters received after its listing).

On another note, we would also like to add that bounty hunters should work hard to promote the projects if they expect them to receive better rewards because if the hunters will not work hard and will not promote in a better way, then they should not blame the project if it does not succeed well. Projects advertise to create hype, if there is no hype created by the members, the hunters may not get what they expect in terms of USD once their earned tokens list.

Gain wisdom at ccFOUND

If you ask that question, the answer :
Maybe yes
Maybe No.
Yeah, these two answers are always what we are getting in the crypto. Let's see that we joined in 5 bounties and only 3 that paid well. This is what the bounty hunters take the risks.
If the percentage is higher for the worthy reward until exchangeable, it means that the bounty for us is still worthy and also giving income.
But, if we always do bounty and now rewards get in, or the rewards are not even exchangeable, and the projects are dead, as it always every time we are joining the bounty, it means that we are fool enough by choosing the scam or shit bounty projects.

I didn't take part any bounties that mentioned above but learnt that those bounty hunters got decent rewards. Few months back i took part Youc bounty and received around $2K which I never ever expected. It's confirmed that bounty hunters really can make money and it depends on projects.

Actually, it's still worth doing the bounty and that's how we choose the project, sometimes what is said is very easy but the fact is that even a promising project will not necessarily pay off the hunters in the end, there is no value. This is still happening today.

Some of the bounties are now listed on the exchange even though the selling price is not as expected or below the selling price, therefore as long as you are still ready to work on the bounty task then do it, I see there are still many potential projects that provide quite a lot for hunters.

it's more or less a lottery with a higher chance of rewards (compared to traditional lotteries), but you still need to trade off a lot of things, including your time, if you want to dedicate finding rewards on it. i just treat it as a side-job (or a hobby even) so there's no need to get so disheartened if a project screw me up, but will tag and ask them if they really scam me.